Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case
7 hours ago
- #legal
- #cryptocurrency
- #fraud
- Sam Bankman-Fried's fraud conviction and 25-year sentence upheld by appeals court.
- Founder of FTX found guilty of stealing $8bn from customers in a major fraud case.
- Defense argued improper exclusion of evidence regarding FTX's funds for customer withdrawals.
- Prosecutors used testimony from former deputies to prove guilt in diverting FTX funds.
- Judge stated Bankman-Fried knowingly committed wrong acts, currently imprisoned until 2044.